“Berkshire shares slip after hitting all-time high on big profit gain”
February 28, 2024
“…Berkshire’s Class A shares last fell by 2.2%. Earlier in the session, the stock reached an all-time intraday high of $647,039, according to FactSet data. The shares settled at $615,356. Meanwhile, Class B shares declined by 1.9%. At one point, the stock hit an intraday record high of $430. It closed down at $409.14.
Berkshire on Saturday posted fourth-quarter operating earnings of $8.481 billion, about 28% higher than the $6.625 billion from the year-ago period, driven by big gains in its insurance business. Operating earnings refers to profit from businesses across insurance, railroads and utilities…”